Doubleline Multi Asset Trend Fund Market Value
| DBMOX Fund | USD 7.32 0.04 0.55% |
| Symbol | Doubleline |
Doubleline Multi-asset 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Doubleline Multi-asset's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Doubleline Multi-asset.
| 09/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Doubleline Multi-asset on September 28, 2024 and sell it all today you would earn a total of 0.00 from holding Doubleline Multi Asset Trend or generate 0.0% return on investment in Doubleline Multi-asset over 60 days. Doubleline Multi-asset is related to or competes with Pimco Trends, Pimco Trends, HUMANA, Barloworld, Morningstar Unconstrained, Thrivent High, and High-yield Municipal. The advisor will seek to use derivatives, or a combination of derivatives and direct investments, to provide a return th... More
Doubleline Multi-asset Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Doubleline Multi-asset's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Doubleline Multi Asset Trend upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.32) | |||
| Maximum Drawdown | 2.62 | |||
| Value At Risk | (0.81) | |||
| Potential Upside | 0.9115 |
Doubleline Multi-asset Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Doubleline Multi-asset's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Doubleline Multi-asset's standard deviation. In reality, there are many statistical measures that can use Doubleline Multi-asset historical prices to predict the future Doubleline Multi-asset's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | (0.18) |
Doubleline Multi Asset Backtested Returns
Doubleline Multi Asset secures Sharpe Ratio (or Efficiency) of -0.0586, which denotes the fund had a -0.0586% return per unit of risk over the last 3 months. Doubleline Multi Asset Trend exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Doubleline Multi-asset's Mean Deviation of 0.3712, standard deviation of 0.5109, and Variance of 0.261 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.25, which means not very significant fluctuations relative to the market. As returns on the market increase, Doubleline Multi-asset's returns are expected to increase less than the market. However, during the bear market, the loss of holding Doubleline Multi-asset is expected to be smaller as well.
Auto-correlation | 0.69 |
Good predictability
Doubleline Multi Asset Trend has good predictability. Overlapping area represents the amount of predictability between Doubleline Multi-asset time series from 28th of September 2024 to 28th of October 2024 and 28th of October 2024 to 27th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Doubleline Multi Asset price movement. The serial correlation of 0.69 indicates that around 69.0% of current Doubleline Multi-asset price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Doubleline Multi Asset lagged returns against current returns
Autocorrelation, which is Doubleline Multi-asset mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Doubleline Multi-asset's mutual fund expected returns. We can calculate the autocorrelation of Doubleline Multi-asset returns to help us make a trade decision. For example, suppose you find that Doubleline Multi-asset has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Doubleline Multi-asset regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Doubleline Multi-asset mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Doubleline Multi-asset mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Doubleline Multi-asset mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Doubleline Multi-asset Lagged Returns
When evaluating Doubleline Multi-asset's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Doubleline Multi-asset mutual fund have on its future price. Doubleline Multi-asset autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Doubleline Multi-asset autocorrelation shows the relationship between Doubleline Multi-asset mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Doubleline Multi Asset Trend.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Doubleline Mutual Fund
Doubleline Multi-asset financial ratios help investors to determine whether Doubleline Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Doubleline with respect to the benefits of owning Doubleline Multi-asset security.
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